NASA spends too much money ferrying astronauts to and from space – it's time for the agency to hand off shuttle trips to private firms. That's one of the opinions of President Obama's Human Space Flight Review panel.

Human space missions currently burn through half of NASA's annual budget – some $18 billion. Better to outsource such work to companies and allow NASA to focus on grander goals, such as reaching deeper into outer space, said one of the panel's members.

"My god, great NASA has been to the moon," Bohdan Bejmuk, a former Boeing executive, told the panel today. "Let's turn [shuttle flights] over to newcomers.... I think you will find out there are a lot of people who will rise and compete. Some of them will fail, some of them will succeed, but you will have essentially created a new industry."